KNT Holdings completes HK$8.60 million placing, issues 43 million new shares

Bulletin Express
08/18

KNT Holdings Limited announced the completion of its share placing on 18 August 2026, issuing 43.00 million new shares at HK$0.20 each under its existing general mandate.

The placement raised gross proceeds of HK$8.60 million and net proceeds of approximately HK$8.24 million, or HK$0.192 per share after fees. All net proceeds are earmarked as general working capital to cover operating, staff, rental and professional expenses.

Post-transaction, the company’s issued share capital expanded from 404.37 million to 447.36 million shares. The 43.00 million new shares represent:

• 10.63% of pre-placement share capital • 9.61% of enlarged share capital

The shares were distributed to not fewer than six independent third-party investors, none of whom became a substantial shareholder.

Updated shareholding structure: • Strategic Elite Limited (beneficial owner: Mr. Chong Sik): 2.64% • Total Clarity Investments Limited (beneficial owner: Mr. Chong Pun): 0.001% • Placees: 9.61% • Other public shareholders: 87.75%

The board comprises four executive directors, including Chairman Mr. Chong Sik, and four independent non-executive directors.

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